Slack app raises $160 million, now worth $2.8 billion

DH Vancouver StaffApr 16, 2015 2:18 pm

Slack, the messaging app for business, has recently raised another $160 million USD in funding.

Stewart Butterfield, Slack’s CEO who also created Flickr, is from Vancouver and runs a portion of the San Francisco-based company, now valued at $2.8 billion, from here. Included in the list of investors for the latest round of funding were Horizons Ventures, Digital Sky Technologies, Index Ventures, Spark Capital Growth and Institutional Venture Partners.

“Our new roster of investors reflects Slack’s global audience, and they’ll be essential partners in our continued growth,” Butterfield stated.

The mobile and desktop app that aims to streamline group work and team endeavours via its chat and communications portal now has around 750,000 users. As of November, Slack was already cramming 13 employees in their 800-square-foot Vancouver office, with renovations underway and plans to hire aggressively. Butterfield started the company in February 2014.

As of today, there were three positions for hire in Vancouver in account management and customer experience.